Guizhou Aluminum Plant's diesel anode transport vehicle passes inspection, ships to Kazakhstan
The diesel anode transport vehicle independently developed by Guizhou Aluminum Plant has successfully passed factory inspection and been officially loaded for shipment to Kazakhstan. The anode transport vehicle is a core specialised equipment for aluminium electrolysis production, facing harsh...
Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
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China’s A00 aluminium ingot price slumps by RMB250/t; Average alumina spot price inches up by RMB2/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has declined by RMB 250 per to stop at RMB 22,480 per tonne. The average price for the same is expected to range between RMB 22,460 per tonne and RMB 22,500 per tonne, with spot contract to be traded at a premium price of RMB...
China’s primary aluminium inventories gain 2,000 tonnes W-o-W after incessant declines
According to the Shanghai Metals Market, social inventories of primary aluminium in China totalled 1.04 million tonnes this week, as of March 31, 2022, across eight major consumption areas, including SHFE warrants. Compared to a week ago, March 24, primary aluminium inventories built up by 2,000...
China’s A00 aluminium ingot price contracts by RMB100/t owing to production resumption in some areas
On Thursday, March 31, the A00 aluminium ingot price has fallen again for the second consecutive day to score at RMB 22,630 per tonne, finds the Shanghai Metals Market. The price has gone down by RMB 100 per tonne as of Thursday, March 31. The resumption of domestic aluminium production in some...
A00 aluminium ingot price nosedives by RMB260/t; Australian FOB price shrinks to US$508/t
The A00 aluminium ingot price on Wednesday, March 30 has nosedived by RMB 260 per tonne, following a hike in price on Tuesday, March 29. According to SMM, the price has been recorded at RMB 22,730 per tonne as of today, with average price estimated to orbit between RMB 22,710 per tonne and RMB...
China’s average alumina spot price opens the week on Monday with a slight increase of RMB 4/t
The average alumina spot price has opened the week on Monday, March 28, with an increase of RMB 4 per tonne to close at RMB 2,977 per tonne, found the Shanghai Metals Market. For the same day in Shandong, the price has inched up by RMB 10 per tonne to total at RMB 2,960 per tonne. However, in other...
Average alumina spot price in China inches up by RMB3/t to RMB 2973/t; A00 aluminium ingot price slips by RMB170/t
On Friday, March 25, the average alumina spot price has inched up by RMB 3 per tonne to score at RMB 2,973 per tonne. According to the Shanghai Metals Market, the price in Guizhou and Guangxi has climbed up by RMB 10 per tonne to peg at RMB 2,975 per tonne and RMB 2,970 per tonne. For the same day...
China’s billet inventories decline by 13.85% W-o-W to score at 151,900 tonnes
China’s Aluminium billet inventory has been following the downward trend since February 24. As of Thursday, March 24, the inventory has plummeted by 24,400 tonnes or 13.85 percent W-o-W to register at 151,900 tonnes. According to SMM, the market must closely monitor how the current increase in...
Chinese primary aluminium inventories shrink by 50,000 tonnes W-o-W on delayed arrivals of stocks
According to the Shanghai Metals Market, social inventories of Chinese aluminium ingots have continued to decrease by 50,000 tonnes from a week ago, across eight major consumption areas, including SHFE warrants. Data shows the inventories have come in at 1.04 million tonnes, compared with 1.09...
Chinese alumina price crawls up to RMB2970/t after four-day restraint; Market destocking lifts A00 aluminium ingot price by RMB240/t
The average alumina spot price in China has increased by RMB 7 per tonne on Thursday, March 24, after remaining restrained for the past four days at RMB 2,963 per tonne. According to the Shanghai Metals Market, the rise today has brought the domestic alumina spot price to RMB 2,970 per tonne. In...
China’s average operating rate of secondary aluminium falls to 44.7% in 2021 despite a rise in new capacity to 1.85 MT
Shanghai Metals Market data found China’s new secondary aluminium capacity stood at 1.85 million tonnes in 2021, including 1.17 million tonnes of secondary aluminium casting alloy, while the total installed capacity was 11.96 million tonnes. But the average operating rate of secondary aluminium...
China’s A00 aluminium ingot price surges by RMB470/t; Aluminium alloy (A356) price grows by RMB450/t
According to the Shanghai Metals Market, A00 aluminium ingot price has opened the week on Monday with a surge of RMB 470 per tonne to settle at RMB 22,990 per tonne. The average prices are expected to hover between RMB 22,970 per tonne and RMB 23,010 per tonne, with spot contract to be traded at a...
Primary aluminium weekly recap: China’s A00 aluminium ingot price uptrends on improved buying sentiment, German companies support sanctions against Russia
This week continued to witness a downtrend in the global aluminium benchmark price, so much so that it stood month-on-month lower for a day. The LME aluminium price started the week at US$3,399 per tonne, reflecting a sharp downfall of US$73 per tonne from US$3,472 per tonne on March 11. The price...
A00 aluminium ingot price in China further surges by RMB440/t on improved buying sentiment
A00 aluminium ingot price in China has surged for the second day in a row by RMB 440 per tonne to close the week on Friday, March 18, at RMB 22,520 per tonne, found the Shanghai Metals Market. Recovery in the downstream purchase, resulting in the fall in primary aluminium inventories this week,...
China’s primary aluminium social inventories decline by 53,000 tonnes on improved buying sentiment
Social inventories of primary aluminium in China have decreased after six consecutive weeks of rising, owing to the improved buying sentiment among the downstream market. According to the Shanghai Metals Market, aluminium inventories have dwindled by 53,000 tonnes across eight major Chinese...
China’s A00 aluminium ingot price gains RMB310/t as stimulus pledge boosts investors’ confidence
According to the Shanghai Metals Market, the A00 aluminium ingot price has elevated by RMB 310 per tonne to total at RMB 22,080 per tonne as stimulus pledge boosted investors confidence. The average prices for the same is expected to hover between RMB 22,060 per tonne and RMB 22, 100 per tonne with...
Imported alumina price in China gains RMB15/t after an intermittent fall; Domestic A00 aluminium ingot price grows to RMB21770/t
The average alumina spot price in China has dipped by RMB 10 per tonne on Wednesday, March 16, to stand at RMB 2,964 per tonne, found the Shanghai Metals Market. In Shandong, alumina price has decreased by RMB 25 per tonne to come in at RMB 2,910 per tonne, while the price in Shanxi has dropped by...
China's A00 aluminium ingot price plummets by RMB170/t to RMB21730/t, aluminium alloy (A356) price plunges by RMB200/t
On Tuesday, March 15, A00 aluminium ingot price in China has fallen sharply by RMB 170 per tonne to peg at RMB 21,730 per tonne finds the Shanghai Metals Market. The average price for the same is likely to hover between RMB 21,710 per tonne and RMB 21,750 per tonne, with spot contract to be traded...
China’s A00 aluminium ingot price grows by RMB20/t to RMB21900/t, but aluminium alloy (A356) price shrinks by RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slightly increased by RMB 20 per tonne to stand at RMB 21,900 per tonne on Monday, March 14. The average prices are expected to range between RMB 21,880 per tonne and RMB 21,920 per tonne, with spot contract to be...
